Caregiverlist® Announces New Mexico Nursing Home Rating and Cost Index for July 2016

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New Mexico seniors needing long-term nursing home care in their state will pay roughly $200 per day, or $73,000 per year, the average annual cost based on the daily private and semi-private rates of 82 New Mexico nursing homes.

Chicago, Illinois (PRWEB)July 11, 2016

The July 2016 Caregiverlist® Index reports the average annual cost for a private room in nursing home in New Mexico is $77,000, while the cost of a semi-private room cost is approximately $69,000.

The Caregiverlist® New Mexico Nursing Home Index reports the updated costs and ratings for nursing homes in the state to assist New Mexico seniors looking to plan ahead for their senior care options. Medicare pays for short-term nursing home care after a hospital stay, it does not pay for long-term care. Knowing the costs and ratings of a local nursing home can assist a senior and their family to plan ahead for the right senior care option.

Medicaid for low-income seniors may pay for an ongoing stay in a nursing home, but does have a financial requirement in order to qualify.

Seniors in New Mexico planning ahead for senior care options should also review the most important factors indicating quality of care.

Seniors in New Mexico needing nursing home care can now view the most recent ratings and costs of nursing homes in their area by using the interactive Caregiverlist® Nursing Home Directory. This month’s update of the New Mexico's Caregiverlist® Index indicates that the average cost of a nursing home in New Mexico is $200.00 per day, or about $6,083 per month. Of the 82 total New Mexico nursing homes, the majority, 52, receive a Caregiverlist® Nursing Home Rating of 3- and 4-stars, with 5-stars being the highest score. Eighteen nursing homes rate 2-stars, and 11 nursing homes rate the lowest quality rating of 1 star. New nursing homes also receive only a 1 star until they have had a chance to be rated.

The Caregiverlist® rating combines 4 criteria to calculate an overall star-rating with a 5-star rating as the highest and a 1-star rating as the lowest score, as rated against the results for the total number of nursing homes.

New Mexico seniors may find themselves in nursing rehabilitation as an extension of a hospital stay. Medicare health insurance will usually authorize a hospital discharge directly to a nursing home for rehabilitation, and can cover up to 100 days of "skilled nursing" care. Families may be financially responsible for extended stays.

Low-income seniors in New Mexico may qualify for Medicaid, with the financial qualification of no more than $2,000 in assets for individuals and a $3,000 limit for couples. Medicaid will pay for long-term care in a nursing home for as long as the senior qualifies for needing care, even if this means multiple years of care until death. Visit the Caregiverlist® New Mexico Medicaid Eligibility Requirements page for more information.

Seniors should review the ratings and costs of nursing homes in their area and then visit the nursing homes which meet their budget parameters. Ratings for nursing homes are only a starting point and while the Caregiverlist® Index calculates a custom rating based on the most important criteria for quality, there really is no substitute for gauging a quality nursing home than a visit. Right now all of the information for the nursing home ratings is self-reported.

About Caregiverlist®
Caregiverlist.com® is the premier service connecting seniors and professional caregivers with the most reliable senior care options, highest quality ratings and outstanding careers nationwide. Founded by senior care professionals, Caregiverlist® delivers the efficiencies of the internet to senior care companies by providing online job applications, caregiver training, background checks and industry news. Seniors and caregivers can access senior service information “by state,” view nursing home costs and star-ratings and learn about all senior care options and quality standards. For more information, please visit http://www.caregiverlist.com.